Case Study
Leading Fashion Brand In USA Simplifies Multi-Entity Reporting and Compliance for Merging Entities with Oracle ERP
Download Case StudyClient: Leading Fashion Brand In USA
About the Client
The client is a family-owned company specializing in multi-brand design, marketing, and manufacturing. As the primary owner of the ERP system, they plan to merge with another entity while maintaining both entities' independent operations and leveraging the Oracle ERP system.
Results and Impact
- Smooth Transactions: The client can do transactions in the new calendar in Secondary Ledger responsibility. With the help of the Secondary Ledger, there is no change in the current process. Both the transactions for the previous period and the current period can be created in the Primary Ledger.
- Reporting: All posted journals in Primary Ledgers will be available in the Secondary Ledger for Reporting purposes. For consolidation, trial balance reports will be used from secondary ledgers. Other financial reports (if required) can be run from the Secondary Ledger. All available financial and transaction reports can be used from the Primary Ledger.
- GL Wand: Ability to evaluate existing Financial Reports of AP and GL in Primary and Secondary Ledger.
Business Challenge
The Client and new entities will continue using Oracle Financials for future periods until both businesses get merged.
Key challenges included
- Handle Reporting Requirement: The Client performs its business with a Financial Calendar from December to November. The new entity would like to perform its business with a Financial Calendar from January to December.
- Reports: Ability to evaluate existing Financial Reports in Primary and Secondary Ledger.
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